Upcoming Event: Industry Symposium for Legislative Action

MSB Talk 4

Members of the MSB industry are invited to participate in an industry symposium for legislative action. The event will be held in Washington DC on February 18th. The event and registration page can be found HERE.

The National Money Transmitters Association is hosting the event in an effort to create legislative change that would benefit the society and our industry. Below is a copy of the most recent email communication regarding ISLA. A great list of current attendees is found at the bottom of the page.


January 16, 2014

Dear Colleague,

Usually, new regulatory legislation comes as a ‘crackdown,’ a reaction to some problem or abuse that has occurred, bringing stricter standards imposed from the outside, resisted by industry, and seen as bad for business.

In a previous email, I listed the benefits reform would bring to society. But here is how we in the money transmitting industries would benefit from regulatory reform, and why we should advocate for change:

  1. To overcome an image problem
  2. To defend against unfair competition from less-compliant market participants
  3. To establish orderly, predictable business conditions
  4. To maintain a level competitive environment
  5. To enable reasonable access to banking services
  6. To forestall more onerous, misguided legislation from elsewhere
  7. To reduce redundancies that exist in the present system
  8. To establish common standards and credentials that certify compliance

The money transmitting industries have become so numerous, complex and varied, that intelligent regulation (and sustainable growth) is no longer possible without a permanent, centralized  agency, one that appropriately understands the industries and can establish consistent norms and recognized certifications.

These are just my opinions. I certainly do not claim any monopoly on wisdom.The Symposium is a place for many different points of view. Anyone can sound off on what they think is wrong with current regulation – or could be done better – and come up with suggestions on how to fix it. Of specific concern, is the banking problem.

Sticking to that theme – and time – are the only restrictions. I am asking people who wish to, to write a 1 or 2-page monograph, outlining their ideas, for collation and posting on the conference page.

If you would like to speak, please fill out our very short Speaker Request Form, indicating your desired topic and desired length of talk. This will help schedule the sessions and distinguish between people who would like to speak less than 5 minutes (your name will automatically be put on a list) from those who would like to speak more than 5 minutes (in which case, I will contact you to discuss.)

You do not have to prepare a paper or a presentation if you would like to speak. So far we have 44 people registered and more signing up every day (see list below). The Choate Room has a maximum capacity of 90 persons, so please do not delay, we are already halfway to capacity.

If you are interested in attending the ISLA, please visit our new website and click on “Events” to register. If  you have any questions, please respond to this email, or call me at (917) 921-9529. The ISLA wll be held at:

The Carnegie Endowment for International Peace
1779 Massachusetts Avenue NW
Washington, DC 20036

I look forward to seeing you in Washington!


– David Landsman

* The AML Training is a separate event taking place the day before the ISLA, on February 17, 2014. This will be an all-day, “Total Immersion ” AML Compliance Crash Course, also covering state licensing issues. The registration for that day is $445. Please visit our new website and click on “Events” to register.

Attendees as of January 16, 2014

 Company or Agency First Name Last Name
A & B General USA, Inc. (Thailand) Thanyarat Nualsirisakul
AML Experts, Inc. Connie Fenchel
Baird Holm Terrence Maher
Banking Committee, US Senate Jeanette Quick
Bitcoin Solutions DC Darrell Duane
Bitcoinmagazine.com Dmitry Murashchik
Bryan Cave Judith Rinearson
Caribe Express Raquel Olivo
Chartered Forex Carmen De Jesus
Columbia University Portia Crowe
Consumer Financial Protection Bureau Rebecca Smullin
Dolex Laybaa Hernandez
Embassy of El Salvador Enilson Solano
Embassy of El Salvador Luis Aparicio
Federal Reserve Jennifer White
Federal Reserve Lee Davis
Financial Service Centers of America Scott McClain
GCC Exchange (Dubai) Joshua Suresh
GCC Exchange (Dubai) Maninadar Iyadurai
GCC Exchange (Hong Kong) Kishore Iyadurai
InteliSpend (Prepaid access) Wendy Lewis
Internal Revenue Service Sandra Stolt
Legislative Solutions Ann Vroom
LeveLup (MobilePayments App) Katie Alexander
Macfarlane Group Cary Chan
m-banco Mobile Money Randolph Kantorowicz
Mondato Julienne Lauler
National Money Transmitters Association David Landsman
Optima Compass Group Jorge Guerrero
Patton Boggs Carol Van Cleef
Pontual Money Transfer Fernando Fayzano
Qikcoin Stephen Sunderlin
Retail Grocers Association of Kansas City Jon McCormick
Skrill Elena Sabkova
Skrill Mary Lozada
The Law Office of Marilyn D. Barker Marilyn Barker
Transmit International Inc Mohammed M Islam
Unidos Financial Juan Llanos
United States General Accounting Office Toni Gillich
Washington DC Bitcoin Meetup Richard Weston
Western Union Meredith Cipriano
Western Union Susan Smith
Wilmer Hale Katrina Carroll
World Bank Alana Fook

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